Oak Point home sales, the last twelve months.
210 homes sold in Oak Point over the last twelve months, $117.4M in all. The middle price was $499,995 (≈ $2,919/mo with 10% down), a typical home found its buyer in 72 days, and prices here run 25% above the DFW median.
The average runs 12% above the middle, which is the high end of Oak Point pulling it up. The median is the better read on a typical home; the average is the better read on how much money is moving.
Whose market is Oak Point?
Supply and demand are roughly matched. Well-priced homes move, overpriced ones sit. Right now that's 91 homes on the market against a pace of 18 sales a month, median asking $549,990.
Oak Point against the cities next door.
The alternative to a house here is usually a house one town over. Here is what that trade actually costs.
Median sale price over the window, for Oak Point and every city that borders it, and it follows the Median/Average switch at the top of the page. The towns next door are usually the real alternative, and a few minutes' drive can be worth a hundred thousand dollars in either direction.
How Oak Point moved, month by month.
What homes here sold for.
Every sale in the window, sorted into price ranges, so you can see where the middle of this market sits.
Most homes sold between $350,000 and $550,000. The median sale was $499,995, the highlighted bar.
Shares are of sales where we hold an asking price to compare against. They do not add to 100%: the rest sold at exactly the asking price, which is about a fifth of all sales. The dearer the home, the likelier it sold below its asking price. Bands under 20 sales are left out rather than shown on a handful of homes.
How often Oak Point sellers help with closing costs.
Money from the seller toward the buyer's costs often moves before asking prices do, which makes it one of the earliest signs a market is turning.
About as many sellers are contributing as two years ago. In Oak Point, 62% of homes sold in the last twelve months came with money from the seller toward the buyer's costs. The typical amount was $12,000, about 2.8% of the sale price.
Share of closed sales where the seller contributed toward the buyer's closing costs, with the typical contribution when one was given. Both the median and the average are taken over the same cleaned set. Based on 210 of the 210 sales that closed in the last twelve months. The rest closed before the MLS recorded this field, and are excluded rather than counted as zero, and 2 entries above 10% of the sale price were dropped as data-entry errors.
Where Oak Point actually trades.
The city median is one number stretched over very different neighborhoods. Here it is broken apart two ways: by the elementary school a home is zoned to, and by the subdivisions with the most sales.
Homes zoned to Providence sold at a median of $530,000, against $475,000 for Oak Point. Same city.
| Elementary zone | Homes sold | Median price | $ / sq ft | Days on market |
|---|---|---|---|---|
| Oak PointLittle Elm ISD | 101 | $475,000 | $199 | 66 |
| ProvidenceDenton ISD | 35 | $530,000 | $203 | 90 |
| Cross OaksDenton ISD | 32 | $517,250 | $187 | 80 |
| Fred HillDenton ISD | 16 | $484,360 | $202 | 61 |
Oak Point sales grouped by the elementary school a home is zoned to, which is the boundary most families actually shop against. These zones cover 88% of everything that sold here. Only zones with at least a dozen sales are shown, so every figure rests on real volume. The price column follows the Median/Average switch at the top of the page. School assignment comes from the listing record at the time of sale; boundaries change, so confirm current zoning with the district before relying on it.
| Neighborhood | Homes sold | Median price | $ / sq ft | Days on market |
|---|---|---|---|---|
| Wildridge | 35 | $542,684 | $201 | 127 |
| South Oak | 34 | $515,377 | $200 | 73 |
| Crescent Oaks Beach Estates | 16 | $322,500 | $227 | 77 |
| Chaparral Park | 14 | $516,250 | $164 | 98 |
| Emerald Sound At Lake Lewisvil | 12 | $977,000 | $254 | 71 |
What a typical Oak Point home looks like.
Medians across every Oak Point sale in the window. Half of what sold was bigger, half smaller.
Oak Point, in plain questions.
These numbers describe the city. Pricing one specific house, or competing for it, needs someone who has walked the comparable homes. That part is on us.
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